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Record Nr. |
UNINA9910810751303321 |
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Autore |
Cihak Martin |
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Titolo |
Is one watchdog better than three? : International experience with integrated financial sector supervision / / Martin Cihak and Richard Podpiera |
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Pubbl/distr/stampa |
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[Washington, D.C.], : International Monetary Fund, Monetary and Financial Systems Dept., c2006 |
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ISBN |
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1-4623-4779-7 |
1-4527-4510-2 |
1-283-51553-9 |
1-4519-0853-9 |
9786613827982 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (32 p.) |
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Collana |
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IMF working paper ; ; WP/06/57 |
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Altri autori (Persone) |
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Soggetti |
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Banks and banking - State supervision |
Financial services industry - Regulation - State supervision |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. TRENDS IN INTEGRATED SUPERVISION""; ""III. REVIEW OF LITERATURE ON INTEGRATED FINANCIAL SUPERVISION""; ""IV. ANALYSIS OF INTERNATIONAL EXPERIENCE WITH INTEGRATED SUPERVISION""; ""V. CONCLUSIONS""; ""REFERENCES"" |
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Sommario/riassunto |
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Over the past two decades, there has been a clear trend toward integrating the regulation and supervision of banks, nonbank financial institutions, and securities markets. This paper reviews the international experience with integrated supervision. We survey the theoretical arguments for and against the integrated supervisory model, and use data on compliance with international standards to assess the validity of some of these arguments. We find that (i) full integration is associated with higher quality of supervision in insurance and securities and greater consistency of supervision across sectors, after controlling for the level of development; and (ii) fully integrated supervision is not associated with a significant reduction in supervisory staff. |
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